IOS Daily - March 5 - Stockbridge buys remaining interest in $900M IOS portfolio

NEWS ROUNDUP

ACQUISITION: Stockbridge buys remaining interest in $900M IOS portfolio. Stockbridge’s Niche Logistics Fund has acquired the remaining 10% interest in an IOS portfolio it previously held through a joint venture. The portfolio includes 58 assets, spanning 644 AC and 1.6M SF across 18 US markets. David Egan serves as the Portfolio Manager for the Niche Logistics Fund.

DISPOSITION: Axiom sells 1.89 AC IOS in Pompano Beach, FL, for $4.5M. Axiom Capital Advisors has facilitated the sale of 1621 Blount Road in Pompano Beach, Florida. The low-coverage property includes a 9,000 SF industrial building. The buyer was Jadian IOS, led by Matt Perlmutter. The seller was Broward Realty. Jose Sasson and Roberto Susi led the Axiom Capital Advisors deal team in the transaction.

ACQUISITION: Catalyst Investment Partners buy 1 AC ISF in DC metro area. Catalyst Investment Partners has acquired 6300 Foxley Road in Upper Marlboro, Maryland. The property features a 4,640 SF industrial service facility (ISF). Connor Brophy led the Catalyst deal team. Kevin O’Neil with CBRE facilitated the transaction.

LEASE SIGNED: Stono Group leases out 2.23 AC IOS in Piedmont, SC. Stono Group has announced the leasing of its property 1400 Piedmont Highway in Piedmont, South Carolina. The property features a 10,415 SF industrial building. Kevin Hann and Sanders Chapman led the Stono Group deal team, which was represented by Matthew Roos with Lee & Associates Greenville/Spartanburg. Marshall Hill with Cresa represented the tenant, SiteOne Landscape Supply.

LEASE SIGNED: Colliers leases 2.88 AC IOS in Denver metro area. Colliers has facilitated the leasing of 9881 Titan Park Circle in Littleton, Colorado. The property features a 6,249 SF warehouse. Kristjan Danis and Matthew Marcus with Colliers represented the tenant in the transaction.

PEOPLE MOVES: Steel Peak hires new Director of Finance. Derek DeAntonis has joined the Steel Peak Properties team as the Director of Finance. Derek’s previous experience included roles at The Mount Vernon Co. and Boston Properies.

For Sale or Lease | 14.17 AC | Current Use: Fully Permitted Metal Recycling Facility (Owner Is Open to Selling Operating Company and Equipment) | Extensive Paving on Front Half of Site | Fully Fenced, Gated, and Secured | Full Camera System and Yard Lighting | DOT-Approved 100,000lb Truck Scale | ±30,000 SF Open-Air Warehouse/Processing Structure | ±2,000 SF Fully Renovated Office with Upgraded Finishes | ±1,500 SF Covered Shed and Onsite Employee Trailer | Strategically Positioned Just Minutes from I-75, US-41, and Port of Tampa

For Sale and Lease | 4.96 AC | 32,553 SF 60-Door Truck Terminal and Maintenance Facility | Fully Paved Lot With 3 Points of Ingress and Egress | Prime Location Offering Immediate Access to I-70 and Excellent Regional Connectivity | Access to 75% of the US Population within a 1-Day Drive

For Sale and Lease | 8.956 AC | Fully Fenced, Lit, and Paved with Automated Gates | Concrete Dolly Pads | 37,000 SF Building with 32 Docks, 2,500 SF Office, and ±5,000 SF of Maintenance Space (3 Drive-Thru Bays and 6 Oversized Drive-in Doors) | Close to I-294, I-57, CSX Bedford Park, and IAIS/IHB/CSX Yards

±11.27 AC | Level, Open Yard Suitable for Immediate IOS Use | Predominantly Graveled Surface with Stabilized Yard Areas | Expandable Laydown Capacity for Bulk Materials or Equipment | Active CSX Rail Service with 2 On-site Spurs Totaling ±1,500 Linear Feet | Immediate Access to I-295 | Close to JAXPORT and Jacksonville Intl. Airport

3.38 AC | Paved and Fully Fenced with 2 Access Gates | Renovations Underway Under New Ownership | 16,112 SF Warehouse with 14 Grade-Level Doors and 1,500 SF of Office Space | Close to I-85 and Highway 321 Interchange

7.11 AC | Heavily Stabilized | Fenced and Gated | Multiple Ingress/Egress Points | 32,025 SF Industrial Building with New Office Buildout, 4,500 SF Paint Room, 25,275 SF Warehouse, 17 Grade-Level Doors, and 12 Drive-Through Doors | 30 Ton Overhead Crane with 50’ Span and 150’ Run